Theory, evidence, and policy on dual-class shares: A country-specific response to a global debate

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Dual-class shares; Corporate governance; Investor protection; Regulatory competition; Founders; IPOs; Banking and Finance Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3923; https://ink.library.smu.edu.sg/context/sol_research/article/5881/viewcontent/Gurrea_Martínez2021_TheoryEvidenceAndPolicyOnDual_pvoa.pdf
• Institution: Singapore Management University

Dual-class shares have become one of the most controversial issues in today´s capital markets and corporate governance debates around the world. Namely, it is not clear whether companies should be allowed to go public with dual-class shares and, if so, which restrictions (if any) should be imposed....